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Real Estate Dictionary: Jackson, Madison and Brandon Mississippi home buying, real estate listings, and homes for sale in Madison County, MS

Welcome > Resources > Real Estate Dictionary - A

Underwriting	The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money
Unilateral contract	A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made
Unsecured loan	A loan that is not guaranteed by collateral
Usury	The act of charging more than the maximum rate of interest permitted by law

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Suzanne Majure, REALTORŽ, real estate agent and broker for Jackson, Madison and Brandon Mississippi home listings, property and land for sale - NUMBER1EXPERT(tm)

Suzanne Majure, RealtorŽ, ABRŽ, CRSŽ, CLHMSŽ
CRYE-LEIKE, RealtorsŽ
2050 Treetops Blvd. North,
Suite 100
Flowood, Mississippi, 39232
Cell: 601-613-6813
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